The Rule of 78s is used to calculate the _____ when an installment loan is paid off early.
A) annual percentage rate (APR)
B) balance due
C) prepayment penalty
D) basic cost of money
E) amount saved

Name: The Rule of 78s is used to calculate the _____ when an installment loan is paid off early. A) annual percentage rate (APR) B) balance due C) prepayment penalty D) basic cost of money E) amount saved
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Question

The Rule of 78s is used to calculate the _____ when an installment loan is paid off early.
A) annual percentage rate (APR)
B) balance due
C) prepayment penalty
D) basic cost of money
E) amount saved

Quizplus · Accepted Answer

The Rule of 78s is used to calculate the balance due when an installment loan is paid off early.

The Rule of 78s Is Used to Calculate the _____ When